Now-a-days many people choose to be self-employed, rather than work for a company. Why might this be the case? What could be the disadvantage of being self-employed?

In the present century, various advertisements have generated a great deal of enthusiasm among people for

self-employment

. Many people are interested in working independently, while some still prefer to work for a government agency. In

this

essay, I intend to examine the main and important reasons for choosing

self-employment

and the problems and obstacles that may arise in

this

way. One of the significant reasons is to achieve economic privileges. When an entrepreneur launches a company or startup, he or she can avail of bank benefits

such

as low interest loans With longer repayments because of the registration of

this

project. In fact, obtaining these profits motivates

self-employment

in individuals. The

second

factor is that in

self-employment

, individuals have the freedom to make decisions, and in all circumstances they are the

first

and

last

ones to make their own decisions. To explain

further

, it can be shown that when a

person

works for a company, he / she has to follow all the decisions of the employer and has no practical freedom, which leads to a loss of creativity, inefficiency and Inactivity.

in

Suggestion

In

contrast to

this

situation, an entrepreneur can use his creative ideas to develop his business well and feel more self-efficiency about himself.

On the other hand

, despite the causes mentioned, many impediments and dangers can threaten an entrepreneur. An individual needs to have sufficient funding to start a project, which is often funded by investors. Convincing financiers to start a project and continue to work together is one of the biggest obstacles. In many cases, early on, investors give budgets to entrepreneurs, but when they suffer a loss, they stop working because a self-employed

person

cannot always anticipate the economic market because business is fluctuating and because of

this

instability, one may suffer irreparable losses and it is difficult to continue

this

path without shareholders. Another disadvantage is that a self-employed

person

has to work all the time because he or she is in charge of everything, which makes it less likely to spend time with family. Whereas a

person

working in a company devotes only a limited time to the job. To conclude,

Self-employment

has gained a lot of popularity because of the advantages outlined above, but every

person

must evaluate all aspects before investing to get started.